Trump Agencies Step In for Crypto Regulation Amid Congressional Gridlock

The US crypto industry is bracing for the possibility of favorable regulations from President Donald Trump's regulators, as sweeping legislation stalls in Congress.

This has put the onus on the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to give the industry regulatory clarity it lacks.

The SEC is expected to advance a rule exempting certain token offerings from securities rules, while the CFTC will discuss crypto regulation at an industry gathering this week.